PetroVietnam Fertilizer and Chemicals Corporation, a subsidiary of PetroVietnam group, said it has awarded a $237 million expansion contract to a consortium including Technip and Thyssenkrupp Industrial Solutions.

Under the deal signed by the Ho Chi Minh City-based fertiliser maker on Sunday, its annual output of ammonia used for making fertiliser will jump by 20 percent to 540,000 tonner in 2017, it said in a statement.

The consortium also includes Petrovietnam Technical Services.-Reuters